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Showing 371 - 380 of 4161 results for "Action"

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... the ASX in September, claiming it was materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, E&P Financial Group's ...

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... don't place Australian investors at risk." The court enforceable undertaking will also force Sanlam to provide remedial action plans to ASIC and the independent expert. In response, Sanlam said it is "working cooperatively" with ASIC on the matter. ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
The Australian Securities Exchange (ASX) suffered another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
The Federal Court has sentenced the promoter of Courtenay House for his involvement in one of the country's biggest Ponzi schemes. David Sipina was handed down three years' imprisonment to be served via an intensive correction order after pleading ...

Insignia rejects Bain Capital takeover proposal

ANDREW MCKEAN  |  WEDNESDAY, 18 DEC 2024
... its financial advisers and King & Wood Mallesons as its legal adviser. Its shareholders aren't required to take any action in relation to the indicative proposal. Yesterday, Insignia also appointed BNP Paribas' Securities Services to provide it with ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... pre-emptive liquidity mitigation actions to reduce vulnerability to liquidity risk," APRA said. It added that the liquidity action plans of RSEs "generally lacked sufficient consideration of the specific liquidity risks posed by unlisted asset exposures." ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... failed to achieve. "All banks need to pull their weight in the fight against scams. We will not hesitate to take court action where we consider banks fail to comply with their obligations to protect their customers," Court added. "We know scammers are ...

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... (8.2%), State Street (7.1%), and Vanguard (5%) also have substantial holdings. "IFL shareholders do not need to take any action in relation to the Indicative Proposal. Insignia Financial will continue to keep the market informed in accordance with its ...

QIC backs analytics platform with $2m investment

MATTHEW WAI  |  FRIDAY, 13 DEC 2024
QIC Ventures has pledged $2 million in seed round funding to Accoil Analytics, a product engagement analytics platform for B2B companies. Accoil provides services to collect and organise customer behaviours to help companies better understand their ...

Engage Financial launches practice management firm

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
Engage Financial Solutions has launched Engage Practice Management - a partner firm dedicated to providing professional services firms with business solutions. Engage Practice Management will provide support through leadership coaching in EOS Implementation ...